Realized Loss is a key metric that calculates the total loss of a digital asset based on the difference between the acquisition price and the sale price for all spent coins where the sale price was lower than the acquisition price. The Realized Loss by Wallet Size metric further refines this by categorizing digital assets according to the size of their wallets. This offers a granular view of the total loss experienced by different investor classes, from whales to retail investors. This metric is particularly useful for understanding the distribution of losses across different wallet sizes and identifying potential risk concentrations. For example, it can help answer questions like, 'Are larger wallets (whales) experiencing more losses compared to smaller wallets (retail investors)?'

Note: The breakdown metrics utilize an address-based approach, analyzing transactions and holdings based on individual wallet addresses to facilitate comparability across digital assets and to ensure consistent analysis across various blockchain architectures. This contrasts with the alternative UTXO-based approach for chains like Bitcoin, where unspent transaction outputs are analyzed to categorize asset properties. As such, metrics for UTXO-based assets may show slight deviations if compared across these different computational methods.